In September 2021, the Company announced that it would close its Kovatch Mobile Equipment (“KME”) production facilities located in Nesquehoning, PA and Roanoke, VA and relocate the production to other existing Fire and Emergency (“F&E”) segment facilities within the United States. The production facilities are being closed to better align our manufacturing footprint, to access our broad operational expertise and resources, enhance quality and improve delivery times by leveraging the advanced manufacturing capabilities that we have throughout the F&E segment.

The Company incurred certain restructuring and other related charges in connection with the decision to relocate its existing KME production facilities. For the three months ended April 30, 2022, the Company recorded restructuring charges of $2.9 million and additional charges of $5.3 million consisting of $3.2 million of production inefficiencies, $0.9 million of accelerated depreciation and $1.2 million of other costs. For the six months ended April 30, 2022, the Company recorded restructuring charges of $6.6 million and additional charges of $7.4 million consisting of $3.9 million of production inefficiencies, $2.3 million of accelerated depreciation and $1.2 million of other costs.

The Company expects to incur additional restructuring costs between $1.0 to $2.0 million and restructuring related and other charges of $0.5 million and $1.0 million related to this activity.

Pre-tax restructuring charges were as follows:


	Employee Severance and Termination Benefits		Contract termination and other costs		Asset Impairments		Three Months Ended April 30, 2022
Fire & Emergency	$	1.3	$	1.6	$	—	$	2.9


	Employee Severance and Termination Benefits		Contract termination and other costs		Asset Impairments		Six Months Ended April 30, 2022
Fire & Emergency	$	4.1	$	2.5	$	—	$	6.6

Changes in the Company’s restructuring reserves related to the initiatives announced during fiscal year 2021 were as follows:


	Employee Severance and Termination Benefits			Contract termination and other costs			Asset Impairment		Total
Balance at beginning of the period	$	1.0		$	—		$	—	$	1.0
Restructuring provision		4.1			2.5			—		6.6
Utilized - cash		(2.2	)		(2.0	)		—		(4.2	)
Utilized - noncash					(0.5	)		—		(0.5	)
Balance at end of the period	$	2.9		$	—		$	—	$	2.9

As of April 30, 2022 the Company had ceased production activities at the Nesquehoning, PA and Roanoke, VA locations. During the three months ended, April 30, 2022, the Company sold certain properties, machinery and equipment previously used at the Nesquehoning, PA location. The net proceeds received from this sale was $2.0 million, which has been included as a cash inflow from investing activities under the "Proceeds from sale of assets" caption within the Condensed Unaudited Consolidated Statement of Cash flow for the six months ended April 30, 2022. No gain or loss was recorded in connection with this sale.

Additional assets to be disposed of in connection with this relocation met the held for sale criteria as of April 30, 2022. The carrying value of the net assets held for sale, was equal to their fair value less cost to sell. As of April 30, 2022, these assets consisted of: Property, plant and equipment, net—$5.2 million, Inventories, net—$0.4 million and Other Assets —$0.1 million.